Archrock (NYSE:AROC) Announces Earnings Results, Beats Estimates By $0.04 EPS

Archrock (NYSE:AROC - Get Free Report) announced its quarterly earnings results on Wednesday. The energy company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04, Yahoo Finance reports. Archrock had a return on equity of 12.63% and a net margin of 10.60%. The firm had revenue of $268.49 million for the quarter, compared to analysts' expectations of $260.51 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company's revenue was up 3.4% on a year-over-year basis.

Archrock Price Performance

Shares of AROC stock traded up $0.30 during trading on Wednesday, hitting $19.49. The company had a trading volume of 1,905,150 shares, compared to its average volume of 1,310,440. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.82. The stock's 50-day moving average is $19.32 and its two-hundred day moving average is $16.44. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.90 and a beta of 1.59. Archrock has a 52 week low of $8.78 and a 52 week high of $21.40.

Archrock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Monday, May 6th. Archrock's dividend payout ratio (DPR) is 98.51%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped their price target on Archrock from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.67.

About Archrock

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.